Arithmetic on today's supply, not a forecast. It assumes nothing about whether Uniswap could attract that much money.
A coin's market capitalisation is its price multiplied by the number of coins in circulation. Uniswap has 627,712,495 UNI in circulation at $6.9690 each, which is $4.37B. Holding that supply still and putting Dogecoin's $13.43B in its place gives $21.3982 per UNI.
A 3.07x move is modest, and a coin this far down the table reaching the one above it is the ordinary shape of a cycle, not an outlier.
Supply is held still, and in practice it moves: coins are minted, burned and unlocked, and every one of those changes the price a given market capitalisation implies. The figure also says nothing about whether the money exists to buy UNI at that level, which is the part that actually decides a price.
$21.3982 per UNI. That is Dogecoin's current market capitalisation of $13.43B divided across the 627,712,495 UNI in circulation.
3.07x. Uniswap trades at $6.9690 today and Dogecoin's market cap is $13.43B against Uniswap's $4.37B.
No. It is one division: Dogecoin's market capitalisation spread over the supply of UNI that exists today. It assumes nothing about whether Uniswap could attract that much money, and it holds the supply still when in practice supply changes.
It sets it. Market cap is price times circulating supply, so the same $13.43B of market cap spread over more coins gives a lower price per coin. This uses the 627,712,495 UNI in circulation now.